HSBC is on an AI hiring spree with call for three new executives


Global banking giant HSBC appears to be on the hunt for more AI talent, posting new job openings for an AI product director, a group head of AI research and development, and a group head of AI execution.

Forming part of its newly created ventures, innovation and partnerships team in London, UK, the bank says it will task its AI product director with leading “company-wide flagship initiatives in AI/GAI [generative AI]” and generating and scaling solutions for both its business customers and its internal functions.

Likewise, the bank is also searching for a group head of AI research and development for its digital business services unit who will “test/experiment/incubate and build intellectual capability for futureproofing via patents/technology papers” and “lead engineering teams to provide central build of reusable assets”.

Also joining the bank’s digital business services unit, the group head of AI execution will be tasked with “establishing and governing group-wide AI/GAI principles and standards across the product development cycle”, “enabling the bank internally by developing internal AI learning opportunities”, and “engaging with key regulators to form industry-wide consensus on AI evolution”, among other responsibilities.


HSBC did not return FinTech Futures‘ request for comment regarding the vacancies.


A period of transition

The listings confirm HSBC’s push to further embrace the use of AI in its operations as the technology continues to evolve.

Details of the bank’s position on AI were recently revealed during FinTech Futures‘ “Beyond the hype – exploring the real-world use cases for AI in financial services” webinar, which aired last month.

During the session, Edward Achtner, head of the office of applied AI at HSBC, claimed that the bank has “nearly 1,000 applications” of the technology, and that it is actively “testing a broad range of them”, including GAI and particularly those that can be scaled “both responsibly and ethically that align with our strategic objectives”.

“But make no mistake, we are in a period of transition where the underlying technology is much more accessible and also much more powerful,” continued Achtner. “And with the potential for great and beneficial outcomes also comes a wide range of differentiated risks that we must also be aware of.”

Source: Fintech Futures